NorthCoast Asset Management LLC lowered its holdings in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,195 shares of the bank’s stock after selling 1,894 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Bank of Nova Scotia were worth $1,940,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bank of Nova Scotia by 14.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 861,986 shares of the bank’s stock valued at $55,276,000 after purchasing an additional 107,270 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Bank of Nova Scotia by 0.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,307,886 shares of the bank’s stock valued at $277,048,000 after purchasing an additional 18,329 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Bank of Nova Scotia in the 3rd quarter valued at about $212,000. Willingdon Wealth Management raised its holdings in shares of Bank of Nova Scotia by 111.6% in the 3rd quarter. Willingdon Wealth Management now owns 74,482 shares of the bank’s stock valued at $4,785,000 after purchasing an additional 39,276 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Bank of Nova Scotia in the 3rd quarter valued at about $938,000. Institutional investors and hedge funds own 46.75% of the company’s stock.

BNS has been the subject of several recent analyst reports. Macquarie initiated coverage on shares of Bank of Nova Scotia in a research note on Tuesday, October 24th. They set an “outperform” rating for the company. Canaccord Genuity set a $87.00 price objective on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Scotiabank reiterated a “buy” rating and set a $88.00 price objective on shares of Bank of Nova Scotia in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $84.60.

Bank of Nova Scotia (BNS) opened at $66.16 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $79,261.52, a P/E ratio of 13.50, a P/E/G ratio of 1.56 and a beta of 1.28. Bank of Nova Scotia has a 52 week low of $53.63 and a 52 week high of $66.78.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings data on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Bank of Nova Scotia had a return on equity of 14.54% and a net margin of 22.26%. During the same quarter last year, the firm earned $1.54 EPS. analysts forecast that Bank of Nova Scotia will post 5.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.6294 per share. This represents a $2.52 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Monday, October 2nd. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.56. Bank of Nova Scotia’s payout ratio is currently 50.62%.

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Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Institutional Ownership by Quarter for Bank of Nova Scotia (NYSE:BNS)

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